Q3 2024 EPS Estimates for Kimball Electronics, Inc. (NASDAQ:KE) Reduced by Analyst

Kimball Electronics, Inc. (NASDAQ:KEFree Report) – B. Riley reduced their Q3 2024 earnings estimates for shares of Kimball Electronics in a research report issued to clients and investors on Wednesday, February 7th. B. Riley analyst M. Crawford now forecasts that the electronics maker will earn $0.40 per share for the quarter, down from their prior estimate of $0.54. B. Riley has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Kimball Electronics’ current full-year earnings is $1.96 per share. B. Riley also issued estimates for Kimball Electronics’ Q4 2024 earnings at $0.43 EPS and FY2025 earnings at $2.22 EPS.

Separately, Cantor Fitzgerald decreased their target price on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday.

View Our Latest Analysis on Kimball Electronics

Kimball Electronics Trading Up 2.6 %

KE opened at $21.28 on Thursday. The company has a fifty day moving average of $24.85 and a 200-day moving average of $26.39. Kimball Electronics has a twelve month low of $19.52 and a twelve month high of $31.43. The stock has a market cap of $529.23 million, a PE ratio of 9.81 and a beta of 1.34. The company has a quick ratio of 0.94, a current ratio of 1.97 and a debt-to-equity ratio of 0.43.

Institutional Trading of Kimball Electronics

Several large investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Kimball Electronics in the fourth quarter valued at approximately $303,000. Wells Fargo & Company MN grew its holdings in shares of Kimball Electronics by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker’s stock valued at $9,512,000 after buying an additional 3,237 shares during the last quarter. UBS Group AG boosted its stake in Kimball Electronics by 19.4% during the 4th quarter. UBS Group AG now owns 47,730 shares of the electronics maker’s stock valued at $1,286,000 after purchasing an additional 7,756 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Kimball Electronics by 16.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock valued at $260,000 after purchasing an additional 1,344 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Kimball Electronics by 11.2% during the 4th quarter. First Eagle Investment Management LLC now owns 249,024 shares of the electronics maker’s stock valued at $6,711,000 after purchasing an additional 25,000 shares during the last quarter. 70.56% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Company Profile

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Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.

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